Lot 18
    Mixed Use
    6 Onslow Parade
    Hampden Square, Southgate, London, N14 5JN
    £550,000+
    Guide Price (plus fees)
    Number 1
    A Mid Terrace Building Arranged to Provide a Ground Floor Commercial Unit and a First and Second Floor Three Bedroom Split Level Flat Fully Let Producing £47,520 Per Annum (Reflecting a Gross Initial Yield of 8.6%)

    Description

    The property comprises a mid terrace building arranged to provide a ground floor commercial unit and a first and second floor three bedroom split level flat.

    Tenure

    Freehold. The flat is held on its own leasehold title which is included in the sale.

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Brunswick Park are within easy reach. Transport links are provided by Southgate underground station (Piccadilly line) and New Southgate rail station.

    EPC Ratings

    Commercial - C
    Flat - D

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Commercial Unit Ground Retail Area 10 years from 16th December 2024 £24,000 Per Annum (Rent Review December 2029)
    Flat First & Second Three Bedroom Flat 12 months from 15th October 2024 (Holding Over) £23,520 Per Annum (Notice has been served on the tenant to vacate)
    Open House Viewings: Viewing Schedule (No Booking Required)
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    Additional Fees and Disclaimer

    Administration charge: £1,800 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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    A Mid Terrace Building Arranged to Provide a Ground Floor Commercial Unit and a First and Second Floor Three Bedroom Split Level Flat Fully Let Producing £47,520 Per Annum (Reflecting a Gross Initial Yield of 8.6%)
    Open House Viewings: Viewing Schedule (No Booking Required)

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